Replication data for: The Nature of Credit Constraints and Human Capital
Principal Investigator(s): View help for Principal Investigator(s) Lance J. Lochner; Alexander Monge-Naranjo
Version: View help for Version V1
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AER_MS20020976_data | 12/06/2019 03:56:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 12/06/2019 10:56:AM |
Project Citation:
Lochner, Lance J., and Monge-Naranjo, Alexander. Replication data for: The Nature of Credit Constraints and Human Capital. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116099V1
Project Description
Summary:
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We develop a human capital model with borrowing constraints explicitly derived from government student loan (GSL) programs and private lending under limited commitment. The model helps explain the persistent strong positive correlation between ability and
schooling in the United States, as well as the rising importance of family income for college attendance. It also explains the increasing share of undergraduates borrowing the GSL maximum and the rise in student borrowing from private lenders. Our framework offers new insights regarding the interaction of government and private lending, as well as the responsiveness of private credit to economic and policy changes. (JEL D14, H52, I22, I23, J24)
Scope of Project
JEL Classification:
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D14 Household Saving; Personal Finance
H52 National Government Expenditures and Education
I22 Educational Finance; Financial Aid
I23 Higher Education; Research Institutions
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
D14 Household Saving; Personal Finance
H52 National Government Expenditures and Education
I22 Educational Finance; Financial Aid
I23 Higher Education; Research Institutions
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
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